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Home / Metal News / Long steel inventories in Guangzhou increase for two weeks

Long steel inventories in Guangzhou increase for two weeks

Oct 8, 2018 17:14

Source:SMM

Social inventories of long steel, including wire rods and rebar, increased 3.17% from a week ago to 797,800 mt as of Oct 8

SHANGHAI, Oct 8 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province increased 3.17% from a week ago to 797,800 mt as of Monday October 8, SMM data showed.

This marked the second consecutive week of gains after a rise of 13.5% a week ago.

Stocks of wire rods built up 32,400 mt, or 9.5%, over the week to 373,800 mt, and grew long steel inventories. Stocks of rebar fell 7,900 mt, or 1.8%, to 424,000 mt.

Inventory data

Long steel

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